Sportsman's Warehouse
SPWH
104 hedge funds and large institutions have $132M invested in Sportsman's Warehouse in 2023 Q4 according to their latest regulatory filings, with 24 funds opening new positions, 28 increasing their positions, 35 reducing their positions, and 14 closing their positions.
538% more call options, than puts
Call options by funds: $766K | Put options by funds: $120K
71% more first-time investments, than exits
New positions opened: 24 | Existing positions closed: 14
8% more funds holding
Funds holding: 96 → 104 (+8)
11% less ownership
Funds ownership: 94.08% → 83.08% (-11%)
20% less repeat investments, than reductions
Existing positions increased: 28 | Existing positions reduced: 35
48% less capital inflows, than outflows
Capital inflows: $11.7M | Capital outflows: $22.3M
75% less funds holding in top 10
Funds holding in top 10: 4 → 1 (-3)
Top Buyers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
GCP
GSA Capital Partners
London,
United Kingdom
|
+$2.77M |
| 2 |
D.E. Shaw & Co
New York
|
+$1.2M |
| 3 |
Bank of America
Charlotte,
North Carolina
|
+$736K |
| 4 |
AC
AWH Capital
Dallas,
Texas
|
+$671K |
| 5 |
SOW
State of Wyoming
Cheyenne,
Wyoming
|
+$594K |
Top Sellers
| Rank | Fund | Capital Flow |
|---|---|---|
| 1 |
Stephens Investment Management Group
Houston,
Texas
|
-$5.9M |
| 2 |
TC
Towle & Co
Denver,
Colorado
|
-$3.46M |
| 3 |
APCM
Arbiter Partners Capital Management
New York
|
-$2.98M |
| 4 |
Grantham, Mayo, Van Otterloo & Co (GMO)
Boston,
Massachusetts
|
-$1.46M |
| 5 |
American Century Companies
Kansas City,
Missouri
|
-$1.22M |
SPWH Hedge Fund Activity: Q4 2023 in Review
104 of the 6,873 institutional investors tracked by Wall St. Rank reported a position in Sportsman's Warehouse (SPWH) for Q4 2023, worth a combined $132M — down 16% from $158M a quarter earlier.
Buyers outnumbered sellers: 24 funds opened new SPWH positions and 14 closed out — a net gain of 10 holders — while 28 added to existing stakes and 35 trimmed.
The largest buyer was GSA Capital Partners, opening a new position worth an estimated $2.77M. The largest seller was Stephens Investment Management Group, exiting entirely with an estimated $5.9M sold.
- 104 institutional investors held Sportsman's Warehouse (SPWH) as of Q4 2023, up from 96 in Q3 2023.
- Funds reported $132M of Sportsman's Warehouse stock for Q4 2023, down 16% quarter-over-quarter.
- 24 funds opened new Sportsman's Warehouse positions in Q4 2023 and 14 closed out, a net change of +10 holders.
- The largest Sportsman's Warehouse buyer in Q4 2023 was GSA Capital Partners, an estimated $2.77M added.
- The largest Sportsman's Warehouse seller in Q4 2023 was Stephens Investment Management Group, an estimated $5.9M sold.
Based on aggregated 13F filings for Q4 2023.